AirToken (AIR): Higher Lows vs Lower Lows
SUMMARY
AirToken (AIR) is showing a very extended wave 5 and that has consequences in the correction. The depth of the retracement has reached the prior wave 2 level and that is where an extended 5th wave corrects to, usually. However, to a contrarian, this sings of opportunities. Look at the MACD which is hitting higher lows while the price is hitting lower lows. This is a bullish divergence and both are so close to a breakout.
Labeling of the Elliott Waves show that the ABC correction is nearly complete given that the subwaves of red C are almost complete (white abc). Prix is very proximal to the apex. Would this be the time to panic sell or confidence buy?
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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thank you @haejin. do you believe its time for a correction on XVG/USD?
can you please give a quick short term update?
Wow! This is a great news! I think this "lightning network" thing really has a future. We guys should be better ready for it. Let's not miss the opportunity train!
Thanks for the update, I am hodling strong on this coin...
@haejin , can you do an update on DGB? Seems to be breaking out!
very good post
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Can we please get an analysis on #KBR88? It is a new coin & looks very interesting.
interesting analysis
I agree with a lot you had to say.
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Your analysis are always very informative.
You need to do for me some TA on Gold Reward Token (GRX) . I had some nearly $4000 invested in it, but as it stands, value is languishing at near meager $60.
Now i am thinking, should i just dump this off, sell or?